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Weekly forecast Bitcoin technical chart
Symbol BTCUSD

Download MT4 template file

Trade Setup

#BTCUSD
Total Profit: 979878 pip
Closed trade(s): 264763 pip Profit
Open trade(s): 715115 pip Profit
_______________________________________________
Trade Setup:
We opened 4 BUY trade(s) @ 6502.04 (day close price) based on 'Two-day reversal candle (Hammer)' at 2017.11.13.

Closed Profit:
TP1 @ 6930.00 touched at 2017.11.15 with 42796 pip Profit.
TP2 @ 7450.20 touched at 2017.11.16 with 94816 pip Profit.
TP3 @ 7773.55 touched at 2017.11.16 with 127151 pip Profit.
42796 + 94816 + 127151 = 264763 pip

Open Profit:
Profit for one trade is 13653.19(current price) - 6502.04(open price) = 715115 pip
1 trade(s) still open, therefore total profit for open trade(s) is 715115 x 1 = 715115 pip
_______________________________________________

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
  • If the Midterm level 9350.00 is broken, we will close open trades.

DateJanuary 2, 2018 - 16:54
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 9350.00, resumption of uptrend is expected.
  • We make sure when the resistance at 11339.85 breaks.
  • If the support at 9350.00 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 9350.00 is broken.

Technical analysis:

  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 48.

Take Profits:

  1. 6930.00
  2. 7450.20
  3. 7773.55
Click on the level to view price action history.

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